Northern America: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Northern America

In 2021, after four years of growth, there was significant decline in the North American market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when its value decreased by -12.7% to $X. In general, consumption, however, posted a resilient expansion. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Northern America

In value terms, LCD or LED indicator panel production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 909% against the previous year. The level of production peaked at $X in 2020, and then reduced remarkably in the following year.

Exports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Exports in Northern America

In 2021, lcd or led indicator panel exports in Northern America dropped sharply to X units, waning by -20.2% compared with the previous year. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 2.2% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, LCD or LED indicator panel exports rose sharply to $X in 2021. Overall, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by 7.4%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the key exporter of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Northern America, with the volume of exports amounting to X units, which was approx. 77% of total exports in 2021. It was distantly followed by Canada (X units), generating a 23% share of total exports.

Exports from the United States decreased at an average annual rate of -15.8% from 2012 to 2021. Canada (-10.3%) illustrated a downward trend over the same period. Canada (+8.5 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -8.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest LCD or LED indicator panel supplier in Northern America, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -1.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, growing by 33% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 115%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.5%).

Imports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Imports in Northern America

In 2021, supplies from abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -3.8% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 15%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the major importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Northern America, with the volume of imports amounting to X units, which was near 79% of total imports in 2021. It was distantly followed by Canada (X units), generating a 21% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to LCD or LED indicator panel imports into the United States stood at -5.7%. At the same time, Canada (+3.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +3.4% from 2012-2021. While the share of Canada (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-10.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

In the United States, LCD or LED indicator panel imports increased at an average annual rate of +2.3% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, growing by 34% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel import price increased by +91.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.5%).

Source: IndexBox Platform

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